Miami Childrens Health System Inc
- Assets
- $1.0b
- Revenue
- $241.2m
- Investments
- $22.1m
- Employees
- 443
- Location
- Miami, FL
- Founding
- 08/2013
- Data as of
- 12/2021
- EIN
- 45-3481327
Organization Overview
Miami Childrens Health System Inc, operating under the name Nicklaus Childrens Health System, is located in Miami, FL. The organization was established in 2013. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Nicklaus Childrens Health System employed 443 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nicklaus Childrens Health System is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Nicklaus Childrens Health System generated $241.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $265.4m during the year ending 12/2021. While expenses have increased by 17.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF NICKLAUS CHILDREN'S HOSPITAL AND ITS AFFILIATED ENTITIES.
Describe the Organization's Program Activity:
A NOT-FOR-PROFIT CORPORATION CREATED IN 2011 WHICH IS THE PARENT COMPANY FOR VARIETY CHILDREN'S HOSPITAL (DBA NICKLAUS CHILDREN'S HOSPITAL), VARIETY CHILDREN'S HOSPITAL D/B/A NICKLAUS CHILDREN'S HOSPITAL PROVIDES SPECIALIZED PEDIATRIC HEALTHCARE TO CHILDREN. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ensemble Health Partners Professional Services | 12/30/21 | $16,628,897 |
Cerner Corporation Software License/maintenance | 12/30/21 | $14,950,618 |
Anthony Baradat And Associates Marketing | 12/30/21 | $3,622,993 |
Rise Interactive Marketing | 12/30/21 | $1,812,199 |
Microsoft Corporation Software License/maintenance | 12/30/21 | $1,870,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,718 |
| Membership dues | $0 |
| Fundraising events | $1,907,082 |
| Related organizations | $0 |
| Government grants | $655,715 |
| All other contributions, gifts, grants, and similar amounts not included above | $27,241,344 |
| Noncash contributions included in lines 1a–1f | $2,181,627 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,818,859 |
| Total Program Service Revenue | $211,312,167 |
| Investment income | $231,365 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $651 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$387,018 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $241,176,093 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,030,463 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,340,330 |
| Compensation of current officers, directors, key employees. | $868,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $134,800,168 |
| Pension plan accruals and contributions | $8,431,559 |
| Other employee benefits | $7,316,847 |
| Payroll taxes | $7,416,398 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $960,260 |
| Fees for services: Accounting | $417,493 |
| Fees for services: Lobbying | $177,951 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,584 |
| Fees for services: Other | $33,389,765 |
| Advertising and promotion | $6,320,885 |
| Office expenses | $4,920,721 |
| Information technology | $16,028,774 |
| Royalties | $0 |
| Occupancy | $11,918,369 |
| Travel | $363,788 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,454,602 |
| Insurance | $4,240,422 |
| All other expenses | $1,731,147 |
| Total functional expenses | $265,361,642 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,845,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,279,116 |
| Accounts receivable, net | $37,840,713 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $90,973 |
| Prepaid expenses and deferred charges | $5,754,213 |
| Net Land, buildings, and equipment | $46,059,187 |
| Investments—publicly traded securities | $40,048,367 |
| Investments—other securities | $22,072,042 |
| Investments—program-related | $784,394,775 |
| Intangible assets | $0 |
| Other assets | $76,339,054 |
| Total assets | $1,030,724,418 |
| Accounts payable and accrued expenses | $156,378,274 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,098,313 |
| Total liabilities | $159,476,587 |
| Net assets without donor restrictions | $658,733,409 |
| Net assets with donor restrictions | $212,514,422 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,030,724,418 |
Grants Awarded
Over the last fiscal year, Miami Childrens Health System Inc has awarded $65,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Coral Gables, FL PURPOSE: Sponsorship | $25,000 |
Coral Gables, FL PURPOSE: Sponsorship | $15,000 |
Fort Lauderdale, FL PURPOSE: Sponsorship | $10,000 |
Miami, FL PURPOSE: Sponsorship | $10,000 |
Miami, FL PURPOSE: Sponsorship | $5,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Miami Childrens Health System Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Delta Dental Community Care Foundation San Francisco, CA PURPOSE: ACCESS TO CARE | $45,000 |
Endowment Analysis
| Beg. Balance | $51,847,151 |
| Earnings | $6,880,578 |
| Net Contributions | $1,424,279 |
| Other Expense | $2,079,106 |
| Ending Balance | $58,072,902 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Baycare Medical Group Inc Tampa, FL | $108,083,695 | $447,431,386 |
Miami Childrens Health System Inc Miami, FL | $1,030,724,418 | $241,176,093 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
Community Health Of South Florida Inc Miami, FL | $54,986,088 | $82,830,073 |
Family Health Centers Of Southwest Florida Inc Fort Myers, FL | $132,260,074 | $89,038,974 |
Medcura Health Inc Stone Mountain, GA | $35,224,823 | $76,303,870 |
Tampa Family Health Centers Inc Tampa, FL | $97,424,685 | $85,104,694 |
Midway Specialty Care Center Inc Fort Pierce, FL | $38,905,057 | $72,218,081 |
Community Health Centers Inc Winter Garden, FL | $79,127,544 | $70,595,389 |
Community Health Center Of Pinellas Inc Clearwater, FL | $43,637,625 | $60,340,422 |
Suncoast Community Health Centers Inc Ruskin, FL | $68,850,377 | $58,626,077 |
Escambia Community Clinics Inc Pensacola, FL | $21,893,175 | $41,875,862 |